Deputy Finance Minister Advocates for Taxation of Online Businesses in Ghana

Deputy Finance Minister Advocates for Taxation of Online Businesses in Ghana
Dr. Alex Ampaabeng, PhD

Dr. Alex Ampaabeng, Deputy Finance Minister, is urging for the taxation of online trading companies to increase Ghana's revenue. He notes that both local and international online businesses generate significant income from Ghanaian users and should be included in the tax system.

In an interview, Dr. Ampaabeng highlighted the revenue potential of online businesses and content creators, questioning why local companies are taxed while global social media giants like YouTube and Facebook, which profit from advertisements in Ghana, remain tax-free.

He emphasized that social media platforms earn money from ads, and online trading companies like Jiji, Jumia, and Tonaton generate substantial income from their products and services, often having a more significant economic impact than physical marketplaces in Ghana.

Dr. Ampaabeng stressed the need to apply tax laws to revenues generated within Ghana's borders, ensuring a fair and level playing field for all businesses, both online and offline. This move aims to boost Ghana's revenue and promote economic growth.

Comments

More From 3Music News

Coco Jones Announces Debut Album Release Date

Coco Jones Announces Debut Album Release Date

Coco Jones, the Grammy Award-winning R&B artiste, has announced the upcoming release of her debut full-length album, scheduled for April 25th, 2025, under High Standardz and Def Jam Recordings

Ayra Starr Releases New Song, ALL THE LOVE

Ayra Starr Releases New Song, ALL THE LOVE

Ayra Starr, the 22-year-old Beninese-Nigerian singer-songwriter, has unveiled her latest single, ALL THE LOVE today, February 11th, 2025, just in time for Valentine’s Day

Adekunle Gold Gears Towards The Release of His New Song, OBIMO Tomorrow

Adekunle Gold Gears Towards The Release of His New Song, OBIMO Tomorrow

Nigerian singer Adekunle Gold is set to release his latest single, OBIMO, tomorrow, February 12th, 2025

OliveTheBoy Hits 100 Million Streams on Audiomack

OliveTheBoy Hits 100 Million Streams on Audiomack

Ghanaian Afrobeats singer Olivetheboy has achieved a significant milestone by surpassing 100 million streams on Audiomack

Ed Sheeran Street Performance Shut Down By Bengaluru Police

Ed Sheeran Street Performance Shut Down By Bengaluru Police

On February 9, an unexpected street performance by the globally recognized Pop artiste Ed Sheeran was cut short by the Bengaluru Police.

Davido Donates 300 Million Naira to Support Nigeria's Orphanages

Davido Donates 300 Million Naira to Support Nigeria's Orphanages

Nigerian music superstar Davido has once again demonstrated his commitment to philanthropy by fulfilling his pledge to donate 300 million Naira to orphanages across Nigeria.

Serena Williams Sets the Stage on Fire at Kendrick Lamar's Super Bowl Halftime Show

Serena Williams Sets the Stage on Fire at Kendrick Lamar's Super Bowl Halftime Show

The Super Bowl LIX halftime show at the Caesars Superdome in New Orleans was transformed into a battleground of hip-hop rivalry and nostalgia when Kendrick Lamar took the stage.

McDave Debuts with Captivating Single, INSANE (ONLY YOU)

McDave Debuts with Captivating Single, INSANE (ONLY YOU)

In a fresh wave for the music industry, the emerging artiste known as Mcdave, born David Mark-Robertson, has made his mark with the release of his debut single, INSANE (ONLY YOU).

GQ Profiles Peace Hyde for Revolutionizing African Unscripted TV

GQ Profiles Peace Hyde for Revolutionizing African Unscripted TV

Peace Hyde, a prominent figure in African media, has been recognized by GQ South Africa for her pioneering work in unscripted television.

Philadelphia Eagles Defeat The Kansas City Chiefs To Win Super Bowl LIX

Philadelphia Eagles Defeat The Kansas City Chiefs To Win Super Bowl LIX

The Philadelphia Eagles clinched their second Super Bowl title in franchise history with a commanding 40-22 victory over the Kansas City Chiefs in Super Bowl LIX, held on February 9th, 2025, at the Caesars Superdome in New Orleans

MR Drew Collaborates With OliveTheBoy On Track 2 Of LOVA BOY EP

MR Drew Collaborates With OliveTheBoy On Track 2 Of LOVA BOY EP

Ghanaian artiste Mr. Drew is set to release his debut EP, LOVA BOY ERA, on February 12th, 2025. The EP comprises six tracks, each exploring themes of love and relationships

Adjetey Anang And Clemento Suarez To Star In Upcoming Thriller, LAST STOP

Adjetey Anang And Clemento Suarez To Star In Upcoming Thriller, LAST STOP

Ghanaian actors Adjetey Anang and Clemento Suarez are set to star in the upcoming thriller LAST STOP, directed by Kwabena Gyansah

More Similar Videos

No similar videos to show related to this post. Explore other sections.